John Reosti is a reporter covering community banks in particular and the financial services industry in general. He also focuses on the Small Business Administration, the National Credit Union Administration Board and issues connected to the CECL accounting standard.
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Dozens of House members and four senators agree with arguments by farmers and lenders that a proposed change to the 7(a) program would disqualify worthy borrowers.
December 5 -
Our Best in Banking honorees for 2018 share some of the smartest bits of advice and blows from the school of hard knocks that they've received over the years — and who (or what) supplied them.
December 2 -
Faciam Holdings will pay nearly $68 million for Summit Bancshares.
November 29 -
State Bank’s Evans started off his banking career by offering cold cans of soda to farmers in the field in the hopes of earning their business. Five decades on, he's widely known in banking circles for his prowess in building high-performing community banks and selling them for top dollar.
November 26 -
John Corbett has known the leaders of National Commerce since he helped launch CenterState in 1999. It’s a big reason CenterState is breaking from tradition to hire those executives once it buys the Alabama bank.
November 26 -
Bank groups are pushing a variety of proposals to delay the loan-loss rule or soften its impact. The accounting standards board has agreed to review at least one of them — but at a pace that might not be fast enough for lenders.
November 21 -
Lenders fear the agency's rule could make most poultry producers ineligible for 7(a) loans.
November 19 -
Challenges will likely increase as interest rates rise and investors grow more concerned about a downward turn in the economic cycle.
November 16 -
The National Credit Union Administration on Thursday approved a two-year budget as the board credited the merger of two funds with helping CUs stave off assessments amid a surge in liquidations.
November 15 -
As he weighs a possible presidential bid, Sen. Sherrod Brown, D-Ohio, touched on a likely campaign theme Tuesday, saying both political parties have done a poor job dealing with rural concerns.
November 13 -
Entrepreneurship among veterans has been declining over the past 20 years, according to a report by the SBA and the New York Fed.
November 12 -
Entrepreneurship among veterans has been declining over the past 20 years, according to a report by the SBA and the New York Fed.
November 9 -
The Financial Accounting Standards Board is considering a plan to have banks break out charge-offs and recoveries on a year-by-year basis. Bankers fear new systems would be needed to comply.
November 9 -
By creating corporate governance courses for prospective board members and a multifaceted financial literacy program for high schoolers, Virginia National aims to deepen its bench for years to come.
November 1 -
The agency says lenders lacked the risk appetite, while bankers point to concerns over turnaround times and strict loan terms.
October 25 -
The Ohio company touted a strong pipeline for loans but warned that noninterest costs will likely rise in the fourth quarter when it records charges tied to branch closings.
October 23 -
The company is facing criticism after a big chargeoff on two properties, showing that investors have little patience when a risky business model shows signs of distress.
October 19 -
The Wisconsin company expects outstanding loans to decreased from current levels, particularly due to paydowns tied to commercial real estate loans.
October 18 -
Credit unions won't have to comply with the controversial rule until at least 2020, but a separate proposal on alternative capital could raise the ire of banking groups.
October 18 -
Credit unions won't have to comply with the controversial rule until at least 2020, but a forthcoming proposal on alternative capital could raise the ire of banking groups.
October 18
